Seriously Busy CafÉ Bar In Popular SW Resort For Sale

Business description

This business is situated within ‘The’ bar and restaurant area on the Main Street in Magaluf and holds an enviable position giving it visibility from all directions of approach, it is open all year round and has an established business history that has been developed by the current owner and is ripe to be developed further!

Internally it has a large bar, Stage, SKY T.V, 6 TV’s a large drop down screen, DVD Player, Video Player, DJ Mixing unit, Speakers abound with karaoke facility, in fact everything a bar needs to ensure it caters for all eventualities in the entertainment arena. Seating for 60 – 80 people with a further 60+ outside.

Snacks are available from the good size and well equipped kitchen, there is also staff facilities and changing room plus plenty of storage area. But although these are good facilities the owner focuses on its main business of being both a bar and entertainment centre. The current owner has carried out extensive refurbishment and as a result the business is in excellent order and all licenses are up to date, this gives new owners the ability to start to recover their investment from day one. It is open as stated above, 12 months of the year with hour’s from10am – 4am in the summer and from 6pm – 2am in the winter so not for the feint hearted, stamina, enthusiasm, and someone who can bring a ‘character’ to the business will undoubtedly succeed! This is where the current owner has definitely scored!

With the vibrant atmosphere both externally and internally this business caters for a complete range of clientele that visit Magaluf and the surrounding areas annually for their holidays, being surrounded by hotels and apartments, as well as shops.

The current owner has developed the business to encompass a variety of visitors and it will soon have its own website that can be further developed for both marketing of the business to existing and new visitors to Magaluf as well as the locals it serves.

If you are looking for a Café/Bar with an established reputation that is generating a viable and profitable business then this may well be the place for you to visit to view. In our opinion this bar will offer the opportunity to a serious purchaser to develop it further and therefore allow the lifestyle that the island can offer to those who take the opportunity! Is that YOU??

Property information

Real Estate:

Lease

Lease terms:

10 Years Renewable

Leasehold rent:

€12,000 per annum

Location:

Heart of the Night Life

Premises details:

Has a 1 bedroom Apartment available.

Business Operation

Employees:

3

Years established:

3